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Peugeot Investors Should Hang Up the Pump

Expectations Bolstering Share Price May Be Overly Optimistic

By

Renée Schultes

July 15, 2014 11:52 a.m. ET

Investors are putting the pedal to the metal at PSA Peugeot Citroën.

The French auto maker's shares have soared this year and climbed another 3.7% Tuesday after J.P. Morgan recommended investors buy the stock. Peugeot could begin to reverse three years of cash burn, which has forced it to raise capital twice since 2012, in its first-half results...